Comments on: New Property Tax Deduction for Non-itemizers http://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/ Tax & Business Services Wed, 28 Jul 2010 03:48:56 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Jameshttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-301 James Thu, 04 Mar 2010 21:12:50 +0000 http://www.cpajohn.com/?p=69#comment-301 Hey Jim, I filed my taxes through Freetaxusa.com and then realized I am eligible for a $1,000 credit for property taxes and am filing an amended return but they are only now giving me another $150 refund - though it was $500 for single and $1,000 for married as long as the property taxes are more than this. Well mine are $3,700 so why am I not getting the full $1,000 as married? Hey Jim, I filed my taxes through Freetaxusa.com and then realized I am eligible for a $1,000 credit for property taxes and am filing an amended return but they are only now giving me another $150 refund – though it was $500 for single and $1,000 for married as long as the property taxes are more than this. Well mine are $3,700 so why am I not getting the full $1,000 as married?

]]> By: Johnhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-297 John Fri, 12 Feb 2010 22:29:49 +0000 http://www.cpajohn.com/?p=69#comment-297 <a href="#comment-296" rel="nofollow">@Jim</a>,The additional standard deduction from payment of property taxes applies to 2008 and 2009. I am not finding where it has been extended beyond 2009 although that could still happen.You can deduct up to $1000 (If married) of property taxes paid during the year. It does not matter what property tax year is being paid. @Jim,

The additional standard deduction from payment of property taxes applies to 2008 and 2009. I am not finding where it has been extended beyond 2009 although that could still happen.

You can deduct up to $1000 (If married) of property taxes paid during the year. It does not matter what property tax year is being paid.

]]> By: Jimhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-296 Jim Fri, 12 Feb 2010 21:38:46 +0000 http://www.cpajohn.com/?p=69#comment-296 <a href="#comment-261" rel="nofollow">@Ben</a>,will the over $1000 property tax from '08 carry over to '09? I goofed and didn't pay '09 until Jan 2010. @Ben,

will the over $1000 property tax from ’08 carry over to ’09? I goofed and didn’t pay ’09 until Jan 2010.

]]> By: Benhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-261 Ben Tue, 17 Nov 2009 17:23:36 +0000 http://www.cpajohn.com/?p=69#comment-261 hi john,you mentioned: "and now 2009 with the bailout bill". just to be clear, does this mean i can claim this for 2009 also? additionally, does this qualify for an ammendment if i missed it last year?thanks hi john,

you mentioned: “and now 2009 with the bailout bill”. just to be clear, does this mean i can claim this for 2009 also? additionally, does this qualify for an ammendment if i missed it last year?

thanks

]]> By: Johnhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-171 John Fri, 03 Apr 2009 19:33:25 +0000 http://www.cpajohn.com/?p=69#comment-171 The deduction is added to the standard deduction on page 2 of the Form 1040. The deduction is added to the standard deduction on page 2 of the Form 1040.

]]> By: Rick Wolfehttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-169 Rick Wolfe Fri, 03 Apr 2009 19:11:19 +0000 http://www.cpajohn.com/?p=69#comment-169 Which form do you take this deduction on if you use the standard deduction? Which form do you take this deduction on if you use the standard deduction?

]]> By: adminhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-120 admin Wed, 04 Mar 2009 03:15:15 +0000 http://www.cpajohn.com/?p=69#comment-120 <blockquote>they are based on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority</blockquote>As long as the property tax is based on an assessed value by the county or other jurisdiction and uses an established tax rate within the applicable jurisdiction, the taxes qualify as a property tax deduction.

they are based on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority

As long as the property tax is based on an assessed value by the county or other jurisdiction and uses an established tax rate within the applicable jurisdiction, the taxes qualify as a property tax deduction.

]]> By: Tom Millerhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-119 Tom Miller Wed, 04 Mar 2009 01:44:49 +0000 http://www.cpajohn.com/?p=69#comment-119 Can all who live in Los Angeles take this deduction? I called the IRS..they told me to look at Publication 17 that said .."You can deduct these taxes only if they are based on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority" They could not tell me yes or no. So, I live in Los Angeles-can I take this deduction? Can all who live in Los Angeles take this deduction?
I called the IRS..they told me to look at Publication 17 that said ..”You can deduct these taxes only if they are based
on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority”
They could not tell me yes or no.
So, I live in Los Angeles-can I take this deduction?

]]> By: Property deduction for non-itemizers. « Best Tax Tipshttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-107 Property deduction for non-itemizers. « Best Tax Tips Tue, 10 Feb 2009 00:07:12 +0000 http://www.cpajohn.com/?p=69#comment-107 [...] New Property Tax Deduction for Non-itemizers (cpajohn.com) Filed under: Deductions, Individual Tags: Itemized deduction, Property tax, Standard deduction, Tax, Tax deduction [...] [...] New Property Tax Deduction for Non-itemizers (cpajohn.com) Filed under: Deductions, Individual Tags: Itemized deduction, Property tax, Standard deduction, Tax, Tax deduction [...]

]]> By: adminhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-102 admin Thu, 05 Feb 2009 19:07:00 +0000 http://www.cpajohn.com/?p=69#comment-102 yes, paying your taxes through an escrow account is the same as paying them yourself. yes, paying your taxes through an escrow account is the same as paying them yourself.

]]> By: maryhttp://www.cpajohn.com/personal-taxes/new-property-tax-deduction-for-non-itemizers/comment-page-1/#comment-100 mary Thu, 05 Feb 2009 18:40:39 +0000 http://www.cpajohn.com/?p=69#comment-100 Does this apply when you pay your property taxes through your escrow account? Does this apply when you pay your property taxes through your escrow account?

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